Federal National Mortgage Association (OTCMKTS:FNMA) Hits New 12-Month High – Still a Buy?

Shares of Federal National Mortgage Association (OTCMKTS:FNMA) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.16, with a volume of 31924736 shares traded. The stock had previously closed at $2.07.

Federal National Mortgage Association Stock Performance

The firm’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.36.

Federal National Mortgage Association (OTCMKTS:FNMA) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $38.14 billion for the quarter, compared to analyst estimates of $7.17 billion. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.